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Information about Arweave (AR)
Arweave is a decentralized storage platform that enables infinite data storage. Arweave uses Proof-of-Access technology to create the world’s first permanent data store at a low cost and with censored information.
Arweave’s mission is to establish a decentralized storage network that connects those with excess disk space on their PCs with those in need of storage. Simultaneously, it provides consumers with scalability, cost savings, and permanent data storage, preventing the original data from being edited or changed.
AR is the original token of Arweave, and is used to pay for Arweave’s storage service and reward miners to maintain the network and provide the service.
News
Kraken, the second largest cryptocurrency exchange in the US, has announced plans to list 19 new tokens. These coins include Binance Coin (BNB), dYdX, Arweave (AR), and Liquity (LQTY), as well as some lesser-known tokens. New regulations following Donald Trump’s election could facilitate this move.
According to Odaily, Sam Williams, the founder of Arweave AO, announced on social media that Arweave’s temporary storage solution, Arfleet, is set to release its v1.0 version soon.
Arweave launches testnet capable of high scalability
Arweave released the public testnet for Arweave AO, a new blockchain network that aims to offer significant scalability improvements.
The initiative is built upon Arweave’s existing data storage platform, with aspirations to support a wide range of applications, including social media and artificial intelligence (AI).
Meta to use decentralized data storage protocol Arweave to store NFTs from Instagram
Facebook parent Meta has integrated decentralized data storage protocol Arweave to permanently store digital collectibles from Instagram.
The price of Arweave’s native token, AR, surged as much as 75% since news of the Meta integration.
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